Comptoir Groups announces 38% increase in revenue

24 April 2018 by
Comptoir Groups announces 38% increase in revenue

Lebanese restaurant business Comptoir Group is confident that its distinctive food offer will see it through the challenges currently facing the casual dining sector.

In announcing the company's annual results which showed a 38% increase in revenue to £29.6m in 2017, chairman Richard Kleiner said that it was continuing to see "the cautiousness of consumers, that we identified in the early part of 2017, and believe it will continue throughout the year."

He added: "The plan to open two restaurants in 2018 will allow the group to focus on consolidating its position in the market and further promoting its brands. The directors remain confident in the restaurant brands of the group and its relevance within the eating out market as consumers seek a differentiated food and service experience."

The company also announced a 36% increase in gross profit to £21.3m, while adjusted EDITDA was down 58% to £1.1m which was explained by the opening costs of restaurants during 2016 and 2017.

By the end of 2017 the group had 26 restaurants, having opened a three Comptoir Libanais and one Shawa restaurant during the year, and three franchise operations. A further two sites are planned to launch this year. The group said it plans "to focus heavily on ensuring that all sites are operating effectively, with a particular focus on the newer restaurants".

There are also plans for two further international Comptoir locations, in Dubai Airport and Abu Dhab Airport. Both are due to open in 2019 with the group's current franchise partner HMS Host.

Comptoir Libanais announces plans to open new site in London Bridge station >>

Comptoir Group warns on sales and profits >>

Comptoir Group to open six sites in three months >>

Get The Caterer every week on your smartphone, tablet, or even in good old-fashioned hard copy (or all three!).

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking